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AUSTRALIA AND MEXICOEMERGING OPPORTUNITIES
MAY 2017
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MEXICO : An Emerging Economy Stable, democratic government
Comprehensively responding to internal
challenges
15th largest economy; 2nd in Lat. Am.
Largest exporter in Latin America
127 million population
110,000 engineers graduate yearly
11 current structural reforms
10th most visited country in the world
35 million visitors in 2016
+85K visitors from Australia in 2016 (10% )
26.7 billion USD of FDI in 2016
Top ten largest economy forecast by 2050
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SOLID MACROECONOMIC ENVIRONMENTEvolution of exports and international reserves in Mexico
(1995 – 2015)
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MEXICO IN THE WORLD: Top Export Destinations
Total Exports Total Exports
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AUSTRALIA AND MEXICOCOMPLEMENTARY ECONOMIES
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MUTUALLY BENEFICIAL RELATIONS Fluid political dialogue at every level
Common visions on global questions
Increasing people-to-people relations
Large potential for cooperation
Foremost trade and investment partner for Australia in Lat. Am.
Growing bilateral trade and investment
Partners in OECD, APEC, G-20, MIKTA, Pacific Alliance (AU observer)
MIKTA
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BILATERAL GROWTH MEX - AUS 2015-2016
Source: DFAT
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DEEPENING BILATERAL TRADE: KEY OPPORTUNITIES
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Increasing Interest and Awareness
http://www.export.org.au/research/current-research
Report
Mexico: Gateway to the Americas
by the Export Council of Australia
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AUSTRALIAN SENATE COMMISSION REPORT: AUSTRALIA’S RELATIONSHIP WITH MEXICO
(DEC. 2015)
http://www.aph.gov.au/Parliamentary_Business/Committees/Senate/Foreign_Affairs_Defence_and_Trade/Australia_Mexico/Report
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Education and training: Especially transnational and vocational education, and English
language
Food and agribusiness: Highly complementary food markets; great potential once tariffs
lessened and awareness of opportunities promoted Australian land management and agriculture
infrastructure highly relevant to Mexico’s macroeconomic needs
Tourism: Healthy industry in Mexico; substantial potential Australian Market
Energy : In particular, oil, gas and renewables – massive opportunities for Australian fuel exports and
investment in Mexico’s energy industries
Mining and related Resources: Potential increased Australian involvement in exploration and
development (knowledge-sharing, community investment, innovation)
Infrastructure: Potential investment by Australian private sector to support Mexican public sector
projects
Water Management: Australian experience and expertise highly relevant to Mexico’s challenges
Advanced Manufacturing: Especially including chemicals, automotives and aerospace
AUSTRALIAN SENATE COMMISSION REPORT:SECTORS WITH HIGHEST POTENTIAL
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MEXICO’S CHAMPION INDUSTRIES
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MEXICO: COST EFFECTIVEMANUFACTURING DESTINATION
• Mexican wages in
manufacturing display
stable competitiveness.
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DOING BUSINESS IN MEXICO
Reliable and updated information
to compete in the global economy.
http://www.bakermckenzie.com/-
/media/files/insight/publications/2017/doing
businessmexico/bk_mexico_dbi_2017.pdf
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MEXICO: TOP COMPETITIVE ALTERNATIVEKPMG 2016
Source: KPMG
https://www.competitivealternatives.com/highlights/default.aspx
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MEXICO: TOP GLOBAL RANKINGTAX COMPETITIVENESS- KPMG 2016
Source: KPMG
https://https://www.competitivealternatives.com/reports/compalt2016_report_tax_en.pdf
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MEXICO:TOP 10 GLOBAL MANUFACTURING COMPETITIVENESS INDEXDELOITTE 2016
Source: DELOITTEhttp://www2.deloitte.com/global/en/pages/manufacturing/articles/global-manufacturing-competitiveness-index.html
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Source: PwC
https://www.pwc.com/gx/en/issues/high-growth-markets/assets/pwc-gmc-winning-in-maturing-markets.pdf
MEXICO:A TOP 10 INVESTMENT HAVEN FOR 2017
CEO SURVEYPWC 2017
Mexico is expected to emerge as the
8th best destination for growth in
2017, according to 1,379 surveyed
CEOs
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US Trade Figures (US$ Billions)US Exports US Imports Total Trade US Deficit Deficit (% of trade)
Mexico $236 $297 $533 -$61 -11%China $117 $503 $620 -$386 -62%Japan $63 $135 $198 -$72 -36%Korea $43 $74 $117 -$31 -26%
Germany $49 $126 $175 -$77 -44%France $32 $49 $81 -$17 -21%Russia $7 $17 $24 -$10 -42%
*data from Trademap.org Adapted from J. De Nigris (2016)
Some Findings and Comments1. Mexico imports more than double that of China ($236 vs. $117).2. US deficit with China is 5 times bigger than that with Mexico ($386 vs. $61).3. US trade deficit with Mexico is similar (in dollar value) than that with Germany and Japan (about $65.)4. US trade deficit with Mexico represents only 11% of total trade between the two countries,
about half the % of the next country in this sample (France), and less than a third of Japan and Germany.5. US is key investor in Mexico; a relevant % of US imports from Mexico are made by US-owned companies.
This means that "mexican products" brought to the US are made by US companies.
MEXICO:STRONG TRADE RELATIONSHIPS INTO THE UNITED STATES
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Source: http://www.doingbusiness.org/data/exploreeconomies/mexico/#starting-a-business
Performance
2016 #38
2015 #42
2014 #53
MEXICO: EASE OF DOING BUSINESS 2016
Top Rank in
Latin America
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Source: http://www.doingbusiness.org/rankings
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Source: World Economic Forum
http://www3.weforum.org/docs/GCR2016-2017/05FullReport/TheGlobalCompetitivenessReport2016-2017_FINAL.pdf
MEXICO: GLOBAL COMPETITIVENESS REPORT 2016 -WEF
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Source: World Economic Forum
http://www3.weforum.org/docs/GCR2016-2017/05FullReport/TheGlobalCompetitivenessReport2016-2017_FINAL.pdf
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MEXICO:TRADE FACILITATION PERFORMACE
Source: OCDE
http://www2.compareyourcountry.org/trade-facilitation?cr=mex&lg=es
Mexico matches or exceed best
performance across the OECD
sample as regards automation and
border agency cooperation.
Improvement between 2012 and
2015 in the areas of information
availability, advance rulings, the
streamlining of border procedures
and border agency cooperation.
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MEXICO: BOOSTING INVESTOR CONFIDENCEIP REGULATIONS CERTIFICATIONS
Rigorous IP
Protection
Regulations
Mexico has developed a strong legal infrastructure that
protects intellectual property rights.
The Mexican Institute of Industrial Property is
responsible for the enforcement of all industrial and
intellectual property laws in Mexico.
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IP Protection
Commitment through
multiple treaties
World Intellectual Property Organization
Paris Convention for the Protection of Industrial Property
Nice Agreement Concerning the International
Classification of Goods and Services for the Purposes of
the Registration of Marks
Lisbon Agreement for the Protection of Appellations of
Origin and their International Registration
Patent Cooperation Treaty
Singapore Treaty on the Law of Trademarks
Trademark Law Treaty
Vienna Agreement Establishing an International
Classification of the Figurative Elements of Marks
Strasbourg Agreement Concerning the International
Patent Classification
Locarno Agreement Establishing an International
classification for Industrial Designs
MEXICO: IP CERTAINTY
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Sources: Austrade (2015) Broadening Horizons; ProMexico (2016)
BUSINESS EXPANSIONAU MX
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Sources: President's Office and BHP Billiton Press release
BUSINESS EXPANSIONHISTORY IN PROGRESS
Petroleos Mexicanos (PEMEX) and BHP Billiton sign Trion Block deepwater oil agreement.The first of a kind agreement will involve investments of up to 11 billion USD.
President of Mexico, Enrique Peña Nieto andBHP Billiton CEO, Andrew Mackenzie3-3-2017
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https://www.liberal.org.au/latest-news/2016/05/20/trade-and-investment-drive-jobs-and-growth
https://www.liberal.org.au/coalitions-policy-more-jobs-and-growth-through-increased-trade-and-investment
DEEPENING THE RELATIONSHIP BILATERAL FTA AUSTRALIA-MEXICO
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BILATERAL FTA AUSTRALIAMUTUAL ASPIRATIONS FOR FTA“Mexico will immediately initiate conversations for bilateral commercial agreements with Asia-pacific partners (Australia).”
President of Mexico, Enrique Peña Nieto,23.01.2017
http://www.gob.mx/presidencia/videos/pronunciamiento-en-materia-de-relaciones-exteriores-91953?idiom=es
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SREhttp://www.gob.mx/sre/prensa/mexico-y-australia-celebran-50-anos-de-relaciones-diplomaticas
DFAThttp://dfat.gov.au/news/news/Pages/australia-mexico-diplomatic-relations-celebrate-50-years.aspx
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https://www.dss.gov.au/sites/default/files/documents/02_2014/mexico.pdf
MEXICANS DOWN UNDER
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PROMEXICO can assist your business
ProMexico Supports:- Foreign Direct Investment- Exports of Mexican Products & Services- Internazionalization
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Tailored Services
- Business Agenda- Strategic Information- Specialized Advice in Mexico- Mexican Sourcing Assistance- Promotion Events
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DIRECT ENGAGEMENTTools
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ESAU GARZATRADE COMMISSIONER
ProMéxico Australia
Embassy of Mexico in Australia
14th Perth Ave. Yarralumla ACT 2600
Ph +61 (02) 6273 3963 Ext 221
www.promexico.gob.mx
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SOURCES